SBP Electric Vehicle Scheme 2025 – Cost Sharing for Bikes & Rickshaws with 0% Markup

The SBP Electric Vehicle Scheme 2025 – Cost Sharing for Bikes & Rickshaws with 0% Markup is one of the most progressive initiatives launched under the supervision of the State Bank of Pakistan (SBP) and the Federal Government. Its main purpose is to make electric mobility affordable for ordinary citizens by combining government subsidy and zero markup financing. With the rise in petrol and diesel prices, this scheme comes as a relief for people who rely on motorcycles and rickshaws for their daily transport or livelihood. By encouraging the use of electric bikes and rickshaws, the government is also moving towards a cleaner and greener transport system.

This program is designed not only to reduce dependency on expensive fuels but also to support thousands of households struggling with high commuting costs. Students, office workers, women, delivery riders, and small businesses will all benefit from the SBP Cost Sharing Electric Vehicle Scheme 2025, which provides subsidies of Rs. 50,000 for bikes and Rs. 200,000 for rickshaws/loaders. On top of this, borrowers will enjoy the biggest benefit – 0% markup on loan repayments, which means that they will not pay any interest at all. The government will take responsibility for the markup subsidy, making monthly installments extremely affordable.

Another major advantage of this scheme is its digital and transparent application process. Unlike traditional financing programs that involve complicated paperwork and hidden charges, this scheme has been designed to be simple, clear, and user-friendly. Everything from registration to loan approval will be managed through an online portal integrated with banks, ensuring fair distribution. Whether you are a student who wants a cheap and eco-friendly ride, a woman looking for safe transport, or a business owner planning to add e-rickshaws to your fleet, the SBP Electric Vehicle Scheme 2025 provides a practical and reliable opportunity.

🔑 Key Features of SBP Electric Vehicle Scheme 2025

The SBP Electric Vehicle Scheme 2025 – Cost Sharing for Bikes & Rickshaws with 0% Markup has been carefully designed to meet the needs of different groups, from students and women to delivery riders and business operators. Here are the most important features of this scheme:

Wide Coverage of Vehicles

The scheme aims to finance 116,000 electric bikes (e-bikes) and 3,170 e-rickshaws/loaders during FY 2025–26. This is the largest government-supported EV distribution plan in Pakistan so far.

Quota Distribution for Fair Access

• 25% quota for women – to support working women and female students.
• 10% quota for business riders – for delivery/courier workers like Foodpanda, Bykea, Careem, and Daraz riders.
• 30% quota for fleet operators – to help transport businesses and ride-hailing companies.

Two-Phase Rollout for Smooth Distribution

• Phase 1: 40,000 e-bikes + 1,000 rickshaws/loaders.
• Phase 2: 76,000 e-bikes + 2,171 rickshaws/loaders.
  This phased approach avoids delays and ensures fair, step-by-step implementation.

Loan Coverage up to PKR 880,000

• Up to PKR 200,000 for e-bikes.
• Up to PKR 880,000 for rickshaws/loaders.
  This allows citizens and businesses to buy modern EVs at a fraction of the market price.

Direct Government Subsidy

• Rs. 50,000 subsidy for electric bikes.
• Rs. 200,000 subsidy for rickshaws/loaders.
  The subsidy reduces the loan burden and often covers the entire equity (down payment).

0% Markup Financing

Borrowers pay no interest on their loan. The government covers full markup through subsidy. This is the first time in Pakistan’s history that such a markup-free EV loan program has been introduced on a national scale.

Flexible Loan Tenure

• 2 years for e-bikes.
• 3 years for rickshaws/loaders.
  This makes EMIs small and easy to manage for low- and middle-income families.

80:20 Debt-to-Equity Ratio

• Borrowers need to provide 20% equity.
• The government subsidy is counted as part of this 20%.
  👉 In many cases, borrowers won’t need to pay any upfront down payment.

EMI Includes Only Principal + Insurance

Unlike traditional loans, the EMI here covers:

• Principal loan amount
• Insurance charges
  No hidden markup, no extra processing charges.

No Processing or Early Settlement Charges

• Loan processing fee: Zero
• Early settlement: No penalty
  Borrowers can repay early without extra cost.

Digital Application Platform

The scheme is managed through a centralized online portal hosted by MoIP/EDB.

• Applicants can apply online.
• Banks and vendors are integrated into the same system.
• Minimal human interaction = faster, more transparent approvals.

After-Sales Service by OEMs

Vehicles will be supplied by vendors shortlisted by the Engineering Development Board (EDB). OEMs are responsible for:

• Timely delivery
• Regular maintenance
• After-sales service

👥 Eligibility Criteria for SBP EV Scheme 2025 in Pakistan

The SBP Electric Vehicle Scheme 2025 is designed to be inclusive and accessible for different groups of Pakistani citizens. The eligibility rules are simple yet effective, ensuring that genuine applicants – whether individuals or businesses – can benefit from 0% markup loans and government subsidies.

Here’s the detailed breakdown of eligibility criteria:

🧑‍🤝‍🧑 General Eligibility for All Citizens

• Open to all Pakistani citizens, including those living in Gilgit-Baltistan (GB) and Azad Jammu & Kashmir (AJK).
• Applicants must hold a valid CNIC.
• Both men and women can apply, with special quota reserved for women (25%).
• Applicants must have a mobile number registered on their CNIC for digital verification.

🚲 Eligibility for Electric Bike Applicants

• Age limit: 18 to 65 years.
• Suitable for:
  • Students commuting to universities/colleges.
  • Employees who need a cost-effective way to travel daily.
  • Delivery riders looking to cut down fuel costs.
  • Women professionals who prefer personal transport for safety and convenience.

📌 Example: A 22-year-old university student can apply for an e-bike loan with family income proof.

🚜 Eligibility for Rickshaw & Loader Applicants

• Age limit: 21 to 65 years.
• Higher minimum age ensures responsible and skilled drivers operate these commercial vehicles.
• Ideal for:
  • Small transporters in cities and towns.
  • Ride-hailing drivers offering passenger services.
  • Self-employed businesspersons using loaders for goods delivery.
  • Unemployed citizens who want to start earning through commercial driving.

📌 Example: A 28-year-old man starting a delivery service can apply for a loader with subsidy and 0% markup.

🏢 Eligibility for Fleet Operators

• Fleet operators can apply under the 30% reserved quota for rickshaws/loaders.
• Eligibility will be finalized by a Steering Committee.
• Likely requirements:
  • Registered company or partnership.
  • Fleet operation license / NTN.
  • Proof of demand for commercial transport.

📌 Example: A ride-hailing company wanting to add 50 electric rickshaws can apply as a fleet operator.

🪪 Mandatory Requirements for All Applicants

1. Valid CNIC – for identity and citizenship verification.
2. Driving License – motorcycle or rickshaw license (or digital undertaking if not yet available).
3. Income Proof – salary slip, bank statement, or proxy methods (daily wagers and freelancers can also apply).
4. Utility Bill – for address verification.
5. CNIC-Linked Mobile Number – required for OTP verification and digital processing.

✅ Who Can Benefit the Most?

• Students – looking for cheap daily travel without petrol expenses.
• Women – safe, reliable, and affordable transport option with special quota.
• Delivery Riders – Foodpanda, Bykea, Careem, Daraz, courier services.
• Small Businesses – shopkeepers and traders using loaders for goods transport.
• Fleet Operators – scaling up ride-hailing and logistics with subsidies.
• Low-Income Families – needing low-cost and eco-friendly transport.

📑 Required Documents for SBP Electric Vehicle Loan

To keep the process transparent and fair, the SBP Electric Vehicle Scheme 2025 requires applicants to submit certain documents. These documents help banks verify the applicant’s identity, eligibility, and repayment capacity. Having the correct papers ready will speed up the approval process and reduce delays.

Here’s the detailed list of required documents:

1️⃣ Valid CNIC Copy (Computerized National Identity Card)

• Why it’s needed: Proof of citizenship and identity.
• Both sides (front & back) must be submitted.
• The CNIC is verified through NADRA Verisys system.
• Without CNIC, the application cannot proceed.

2️⃣ Passport-Size Photograph

• Why it’s needed: For applicant’s identity record.
• Must be a recent photo with clear background.
• Digital format (JPG/PNG) if applying online.
• For physical applications, 2–3 hard copies may be required.

3️⃣ Driving License or Digital Undertaking

• Why it’s needed: To ensure applicants are capable of driving safely.
• For e-bikes → motorcycle license.
• For rickshaws/loaders → rickshaw/loader license.
• If the applicant doesn’t have a license yet, they can sign a digital undertaking promising to obtain it within a specific time.

4️⃣ Salary Slip / Bank Statement / Income Proof

• Why it’s needed: To check if the applicant can afford monthly installments (Debt Burden Ratio).
• Salaried applicants → provide salary slips.
• Business owners / freelancers → provide bank statements (3–6 months).
• Daily wage workers → may provide proxy income proof, verified by local methods.
• Ensures that the loan goes to applicants who can repay comfortably.

5️⃣ Utility Bill (Electricity, Gas, or Water)

• Why it’s needed: Address verification.
• The address must match the CNIC or tenancy details.
• Recent bill (not older than 3 months).
• Acceptable documents: Electricity bill, Sui Gas bill, or Water bill.

6️⃣ Registered Mobile Number Linked to CNIC

• Why it’s needed: For OTP (One-Time Password) verification during online application.
• Must be biometrically verified and registered in the applicant’s name.
• Mobile number is also used for SMS updates regarding application status.

📌 Additional Notes

• All documents must be valid and up-to-date.
• Scanned copies should be clear if uploading online.
• Banks may ask for additional documents like:
  • Guarantor details (for risk management)
  • NTN certificate (for business applicants)
  • Company registration papers (for fleet operators)

How to Apply Online for SBP EV Loan 2025

The SBP Electric Vehicle Scheme 2025 offers a fully digital application process, ensuring transparency, quick approval, and hassle-free loan disbursement. Applicants can apply from anywhere in Pakistan using their CNIC and a mobile number linked with NADRA.

Follow these simple steps to apply online:

📌 Step 1: Visit the Official Portal

• Go to the official EV loan portal hosted by:
  • Ministry of Industries & Production (MoIP): https://www.moip.gov.pk
  • Engineering Development Board (EDB): https://www.engineeringdevelopmentboard.gov.pk
• Select SBP Cost Sharing Electric Vehicle Scheme 2025 from the homepage.

📌 Step 2: Register with CNIC & Mobile Number

• Enter your valid CNIC number.
• Provide a mobile number registered on CNIC.
• You will receive an OTP (One-Time Password) for verification.
• Once verified, your account will be activated on the portal.

📌 Step 3: Select Vehicle Type

• Choose the vehicle you want to apply for:
  • Electric Bike (E-Bike)
  • Electric Rickshaw / Loader
• The system will automatically apply quota reservations (25% women, 10% riders, 30% fleet operators).

📌 Step 4: Upload Required Documents

You will be asked to upload clear scanned copies of:

• CNIC (front & back)
• Driving license (or digital undertaking if you don’t have one yet)
• Salary slip / income proof / bank statement
• Utility bill (for address verification)
• Recent passport-size photo

📌 Tip: Make sure files are in PDF/JPG/PNG format and not larger than the size allowed by portal.

📌 Step 5: Choose a Financing Bank

• Select your preferred bank from the list of participating banks.
• Banks integrated with the system will process your financing request directly.

📌 Step 6: Bank Verification & Approval

• The chosen bank will check:
  • CNIC & NADRA Verisys confirmation
  • Income proof & debt burden ratio (DBR)
  • Credit score & repayment history
• If eligible, the loan is approved.

📌 Step 7: Subsidy Adjustment & Down Payment

• Government subsidy (Rs. 50,000 for e-bikes / Rs. 200,000 for rickshaws) is applied first.
• If subsidy fully covers equity, you won’t need to pay any down payment.
• Otherwise, you pay a small equity portion (if required).

📌 Step 8: Vehicle Delivery

• Once loan is approved, the OEM/vendor shortlisted by EDB delivers your electric bike or rickshaw.
• Vehicle comes with after-sales service & warranty.
• EMI payments start after delivery, covering only principal + insurance.

⚡ Why the Online Portal is Important?

• Transparent allocation – no favoritism.
• Fair quota system – women, delivery riders, and fleet operators get priority.
• Fast approvals – banks directly integrated with portal.
• Digital tracking – applicants can check loan status via SMS/email updates.

💰 Loan & Installment Plan (EMI) in SBP EV Scheme 2025

One of the biggest attractions of the SBP Electric Vehicle Scheme 2025 is its 0% markup loan repayment system. Unlike traditional bank loans where borrowers pay high interest, under this scheme, the government pays the entire markup subsidy. Borrowers only need to pay back the principal loan amount + insurance cost in small monthly installments (EMIs).

This makes electric bikes and rickshaws affordable for students, women, small businesses, and delivery riders who normally cannot afford commercial financing.

🔢 Loan Coverage Details

• For Electric Bikes: Up to PKR 200,000 financing limit.
• For Rickshaws & Loaders: Up to PKR 880,000 financing limit.
• Government Subsidy:
  • Rs. 50,000 for bikes
  • Rs. 200,000 for rickshaws/loaders
• Loan Tenure:
  • 2 years (bikes)
  • 3 years (rickshaws/loaders)
• Debt-to-Equity Ratio: 80:20 → But subsidy is counted as equity, meaning many applicants won’t have to pay any upfront down payment.

🧮 Example 1 – Electric Bike Loan Plan

• Bike Price: Rs. 180,000
• Govt Subsidy: Rs. 50,000
• Required Equity (20%): Rs. 36,000 (already covered by subsidy)
• Loan Amount = Rs. 130,000
• Tenure: 24 months (2 years)
• EMI Calculation = 130,000 ÷ 24 = Rs. 5,417/month (plus small insurance cost)

👉 Result: The borrower pays zero markup and affordable installments of around Rs. 5,400/month only.

🧮 Example 2 – Rickshaw Loan Plan

• Rickshaw Price: Rs. 600,000
• Govt Subsidy: Rs. 200,000
• Required Equity (20%): Rs. 120,000 (covered by subsidy)
• Loan Amount = Rs. 400,000
• Tenure: 36 months (3 years)
• EMI Calculation = 400,000 ÷ 36 = Rs. 11,111/month (plus insurance)

👉 Result: A transport worker or small business pays around Rs. 11,100/month only, with no extra markup charges.

📊 Sample EMI Table

⚡ Why EMI Plan is Affordable?

• Zero markup – government pays full interest.
• Subsidy covers equity – no upfront down payment in many cases.
• Simple repayment – only principal + insurance.
• Flexible tenure – 2 years for bikes, 3 years for rickshaws.

📊 Debt-to-Equity Ratio Explained – SBP EV Scheme 2025

One of the most important parts of the SBP Electric Vehicle Scheme 2025 is the Debt-to-Equity Ratio. This ratio decides how much the bank will finance (loan) and how much the applicant has to contribute (equity/down payment).

Normally in Pakistan, banks require a 20% equity contribution from the borrower and provide the remaining 80% as loan financing. However, under this scheme, the government subsidy is also counted as equity, which reduces or even eliminates the need for applicants to pay upfront cash.

🔢 Standard Ratio – 80:20

• 80% = Loan provided by bank.
• 20% = Equity (down payment).
• The subsidy amount is adjusted here.

This means if the government subsidy covers the full 20%, the applicant does not need to pay anything upfront.

🧮 Example 1 – Electric Bike (Price Rs. 180,000)

• Price: Rs. 180,000
• Required Equity (20%): Rs. 36,000
• Govt Subsidy: Rs. 50,000
  👉 Since subsidy is higher than required equity, the applicant doesn’t pay any upfront cash.
• Bank Loan: Rs. 130,000 (to be paid in EMIs over 2 years).

🧮 Example 2 – Rickshaw (Price Rs. 600,000)

• Price: Rs. 600,000
• Required Equity (20%): Rs. 120,000
• Govt Subsidy: Rs. 200,000
  👉 Subsidy fully covers equity, and even reduces the loan burden.
• Bank Loan: Rs. 400,000 (to be paid in EMIs over 3 years).

🧮 Example 3 – High-Price Loader (Price Rs. 800,000)

• Price: Rs. 800,000
• Required Equity (20%): Rs. 160,000
• Govt Subsidy: Rs. 200,000
  👉 Subsidy is more than required equity. The extra subsidy reduces the loan amount.
• Bank Loan: Rs. 600,000 – Rs. 40,000 = Rs. 560,000 (repayable in 3 years).

⚡ Why This Matters?

• Removes barrier of heavy down payments.
• Makes scheme accessible for students, women, and low-income workers.
• Provides confidence to banks since subsidy is guaranteed by government.
• Reduces loan default risk because borrowers face smaller repayments.

🎁 Capital Subsidy in SBP Electric Vehicle Scheme 2025

A major highlight of the SBP Electric Vehicle Scheme 2025 is the capital subsidy provided directly by the government of Pakistan. This subsidy reduces the financial burden on applicants and makes electric bikes and rickshaws affordable for everyone – from students and women to delivery riders and fleet operators.

Unlike traditional loans where the entire down payment must be paid by the borrower, under this scheme, the capital subsidy is counted as part of the borrower’s equity contribution. In many cases, the subsidy amount fully covers the 20% equity requirement, meaning applicants don’t need to pay any upfront money at all.

💰 Subsidy Amounts

• For Electric Bikes (Two-Wheelers): Rs. 50,000
• For Rickshaws/Loaders (Three-Wheelers): Rs. 200,000

This subsidy is fixed and applies to every eligible applicant, regardless of income group.

🧮 Example 1 – Electric Bike

• Price of Bike: Rs. 180,000
• Required Equity (20%): Rs. 36,000
• Govt Subsidy: Rs. 50,000
  👉 Subsidy covers full equity and even reduces the loan size.
• Loan Required: Rs. 130,000 only.

🧮 Example 2 – Electric Rickshaw

• Price of Rickshaw: Rs. 600,000
• Required Equity (20%): Rs. 120,000
• Govt Subsidy: Rs. 200,000
  👉 Subsidy covers equity and reduces loan size.
• Loan Required: Rs. 400,000 only.

🧮 Example 3 – High-Price Loader

• Price of Loader: Rs. 880,000
• Required Equity (20%): Rs. 176,000
• Govt Subsidy: Rs. 200,000
  👉 Subsidy is more than equity requirement, so the extra Rs. 24,000 reduces the loan amount.
• Loan Required: Rs. 680,000 only.

⚡ Benefits of Capital Subsidy

1. No or Minimal Down Payment – Removes the biggest barrier for low-income applicants.
2. Smaller Loan Amount – Borrowers take less debt, which means smaller EMIs.
3. Encourages Inclusivity – Students, women, and small workers who cannot save large down payments can now afford EVs.
4. Boosts Green Transport – By lowering financial barriers, the government ensures faster adoption of electric vehicles.
5. Supports Businesses – Delivery riders and fleet operators can expand operations with lower financial risk.

🧮 EMI Calculator for SBP EV Loan 2025

The SBP Electric Vehicle Scheme 2025 makes repayment extremely easy with 0% markup loans. Borrowers only repay the principal loan amount + insurance charges, which keeps monthly installments small and affordable.

Normally, banks calculate EMIs using complex formulas that include markup, but under this scheme, the formula is very simple because the government covers the entire markup subsidy.

📌 EMI Formula

EMI = Loan Amount ÷ Tenure (months) + Insurance

This means your monthly installment will only depend on how much you borrowed and the duration of your loan.

🧮 Example 1 – Electric Bike EMI

• Bike Price = Rs. 180,000
• Govt Subsidy = Rs. 50,000
• Required Equity (20%) = Rs. 36,000 (already covered by subsidy)
• Loan Amount = Rs. 130,000
• Tenure = 24 months
• EMI = 130,000 ÷ 24 = Rs. 5,417/month (plus small insurance)

👉 The borrower pays around Rs. 5,400 per month only.

🧮 Example 2 – Rickshaw EMI

• Rickshaw Price = Rs. 600,000
• Govt Subsidy = Rs. 200,000
• Required Equity = Rs. 120,000 (covered by subsidy)
• Loan Amount = Rs. 400,000
• Tenure = 36 months
• EMI = 400,000 ÷ 36 = Rs. 11,111/month (plus insurance)

👉 A rickshaw driver pays around Rs. 11,100 per month only.

🧮 Example 3 – Loader EMI

• Loader Price = Rs. 800,000
• Govt Subsidy = Rs. 200,000
• Required Equity = Rs. 160,000 (covered by subsidy)
• Loan Amount = Rs. 640,000
• Tenure = 36 months
• EMI = 640,000 ÷ 36 = Rs. 17,777/month (plus insurance)

👉 A small business operator pays less than Rs. 18,000/month for a brand-new loader.

📊 EMI Comparison Table

⚡ Why EMI is Affordable in SBP EV Scheme 2025?

• No markup → Borrowers don’t pay interest.
• Government subsidy reduces loan size.
• Equity covered by subsidy → No heavy down payment.
• Simple repayment formula → Easy to calculate and understand.

Conventional vs Islamic Financing in SBP EV Scheme 2025

One of the unique features of the SBP Electric Vehicle Scheme 2025 is that it offers both Conventional Financing and Islamic Financing. This ensures that applicants from all backgrounds, including those who prefer Shariah-compliant products, can benefit from the scheme.

Since the markup subsidy is fully covered by the government, both financing methods become equally affordable. However, their structure and documentation differ.

⚡ Conventional Financing

How it Works:

• Bank provides loan financing (up to 80% of vehicle price).
• Government pays full markup subsidy, so borrower pays 0% interest.
• Borrower repays principal + insurance in monthly installments.

Best for:

• Applicants who don’t have a strict requirement for Shariah compliance.
• People looking for a straightforward, simple loan structure.

Advantages:

• Faster processing.
• Widely available in most banks.
• Simple EMI calculation and repayment structure.

🕌 Islamic Financing

How it Works:

• Based on Shariah-compliant contracts such as Murabaha or Ijara.
• Instead of charging markup, the bank sells the vehicle to the customer at an agreed price (profit already included).
• Government pays subsidy so that end-user repayment = principal only (0% effective markup).

Best for:

• Applicants who prefer halal, interest-free models.
• Businesses and individuals following Islamic financial principles.

Advantages:

• 100% Shariah-compliant.
• Approved by Islamic banking boards.
• Gives confidence to applicants who avoid interest-based loans.

📊 Comparison Table – Conventional vs Islamic

✅ Key Point for Applicants

No matter which financing model you choose, your monthly installment (EMI) will remain the same – because the government covers the markup. The only difference is in documentation and compliance.

• If you prefer a simple loan system, go with Conventional Financing.
• If you want Shariah-compliance, select Islamic Financing

Conventional vs Islamic Financing in SBP EV Scheme 2025

One of the unique features of the SBP Electric Vehicle Scheme 2025 is that it offers both Conventional Financing and Islamic Financing. This ensures that applicants from all backgrounds, including those who prefer Shariah-compliant products, can benefit from the scheme.

Since the markup subsidy is fully covered by the government, both financing methods become equally affordable. However, their structure and documentation differ.

⚡ Conventional Financing

How it Works:

• Bank provides loan financing (up to 80% of vehicle price).
• Government pays full markup subsidy, so borrower pays 0% interest.
• Borrower repays principal + insurance in monthly installments.

Best for:

• Applicants who don’t have a strict requirement for Shariah compliance.
• People looking for a straightforward, simple loan structure.

Advantages:

• Faster processing.
• Widely available in most banks.
• Simple EMI calculation and repayment structure.

🕌 Islamic Financing

How it Works:

• Based on Shariah-compliant contracts such as Murabaha or Ijara.
• Instead of charging markup, the bank sells the vehicle to the customer at an agreed price (profit already included).
• Government pays subsidy so that end-user repayment = principal only (0% effective markup).

Best for:

• Applicants who prefer halal, interest-free models.
• Businesses and individuals following Islamic financial principles.

Advantages:

• 100% Shariah-compliant.
• Approved by Islamic banking boards.
• Gives confidence to applicants who avoid interest-based loans.

📊 Comparison Table – Conventional vs Islamic

✅ Key Point for Applicants

No matter which financing model you choose, your monthly installment (EMI) will remain the same – because the government covers the markup. The only difference is in documentation and compliance.

• If you prefer a simple loan system, go with Conventional Financing.
• If you want Shariah-compliance, select Islamic Financing.

📌 Charges & Fees in SBP Cost Sharing EV Scheme 2025

One of the best things about the SBP Electric Vehicle Scheme 2025 is its user-friendly fee structure. Unlike conventional bank loans that are full of hidden charges, this scheme keeps costs transparent, minimal, and affordable.

Here is the complete breakdown of charges and fees:

1️⃣ Loan Processing Charges – Zero

• Applicants do not need to pay any loan processing fee.
• Normally, banks charge Rs. 5,000–10,000 as processing fee, but here it is completely waived off.

2️⃣ Early Settlement Charges – Zero

• Borrowers can repay the loan earlier than the agreed tenure without any penalty.
• Example: If someone takes a 2-year bike loan but wants to repay in 1 year, they can do so without extra charges.

3️⃣ Registration Charges – Paid by Applicant

• Vehicle registration charges (Excise & Taxation Department) are not covered by subsidy.
• These charges vary by city/province.
• Example: Bike registration may cost Rs. 3,000–7,000, while rickshaw/loader registration may cost more.

4️⃣ Insurance Charges – Shared by Borrower

• First-year insurance must be paid upfront.
• From the second year onward, insurance charges are divided into monthly EMIs.
• Rates are negotiated between government and insurance companies to keep them low.
• This ensures protection against theft, accidents, and loss.

5️⃣ Late Payment Charges – As Per Bank’s Schedule

• If a borrower delays an installment, banks will charge a small late payment fee as per their Approved Schedule of Charges (APSC).
• This encourages borrowers to pay installments on time.

6️⃣ Repossession Charges – Paid by Borrower

• If a borrower fails to pay installments for several months, the vehicle may be repossessed.
• All repossession-related costs are to be borne by the borrower.
• However, repossession is the last resort, only after repeated non-payments.

7️⃣ NADRA & Mobile Verification Charges – Covered by Govt

• The cost of NADRA Verisys Check and PMD mobile verification will be paid by the government.
• This ensures applicants don’t bear extra burden for digital verification.

⚡ Why This Fee Structure is Fair?

• No processing fee → saves Rs. 5,000–10,000 upfront.
• No markup → no hidden interest costs.
• No early settlement charges → borrower-friendly policy.
• Only real costs → registration, insurance, late fees (if applicable).

📈 Benefits of 0% Markup SBP Electric Vehicle Scheme 2025

• ✅ Affordable transport for low- and middle-income families
• ✅ Huge savings on fuel costs (up to 70%)
• ✅ Priority access for women, students, and delivery workers
• ✅ New business opportunities for fleet operators
• ✅ Cleaner environment & reduced fuel imports
• ✅ Supports digital banking & financial inclusion

❓ FAQs – SBP Electric Vehicle Scheme 2025 (0% Markup):

🏁 Conclusion

The SBP Electric Vehicle Scheme 2025 – Cost Sharing for Bikes & Rickshaws with 0% Markup is a landmark initiative for affordable and green transport in Pakistan. By offering 0% markup loans, government subsidies, and easy EMIs, the scheme empowers women, supports students, boosts delivery services, and helps businesses shift to sustainable mobility.

This scheme is not just about buying a vehicle – it’s about saving money, reducing dependency on fuel, and contributing to a greener Pakistan.